Saturday, January 26, 2013

Income, Wealth and Inequality

It is important that we have some basic knowledge about income and wealth over time.

#1 The Color of Wealth


Which racial group has negative wealth?  and to what degree?





#2 Racial Wealth Gap

The Great Recession has widened the wealth gap, and race is a major factor.
White Americans have 22 times more wealth than blacks -- a gap that nearly doubled during the Great Recession.The median household net worth for whites was $110,729 in 2010, versus $4,995 for blacks, according to recently released Census Bureau figures (2012)
#3 Income Gain changes 1979 to 2009

The point with this graph is two fold.  The income gap between middle and low-income households is huge AND this gap in US society has become greater in the past 20 years. 



Figure 1: Income Gains at Top Dwarf Those of Middle- and Low-Income Households

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